"Larry gagosian is not a household name for most Americans but among the famous and the wealthy and particularly among the very wealthy he is a figure of colossal repute he is dubious of art dealers wh..."

"gallery that was an excerpt from this profile written on Larry G goian that appeared in New Yorker magazine is what I'm going to talk to you about today it is titled how Larry G goian reshaped the art..."

"this is the highlighted section that Jackson sent me was was fascinating says gan's response was that he avoids self-reflection because that is how you quote lose your Edge and then it quotes this AR ..."

"Simplicity that he applies to his craft so I want to go back to that opening paragraph because it says something this this speaks to the fact that he's constantly referred to as like a shark or a tige..."

"answer to can't help but think of James Dyson in that situation the point of what he's trying to teach you in James Dyson's autobiography which I covered all the way back on episode 300 and I'll cover..."

"because in any industry at any time anytime somebody stacks these bunch of these unfair advantages on one on top of another and then gets a bunch of size and then uses that size to their advantage the..."

"Barts he hosts a pre-oscar party at his home in Los Angeles it goes on and on and on and so this is the line that really jumped out on me it says the sheer magnitude of his overhead is a source of env..."

"house in St Barts and the walls are covered in pieces of Art and you're like oh I love that art everything around this guy is for sale he'll talk about this over and over again uh Bernard rol goes to ..."

"simple he's basically a shark he's a feeding machine he tells you right up front everything he's doing is serving that one purpose which is to sell more art He makes himself very very easy to interfac..."

"sometimes rest away a treasure by offering the owner ideally someone who knows a whopping premium if you want a specific art piece you call gagosian to help you find one hanging on someone else's wall..."

"even though they're both very wealthy right but gagosian has something that he lacks he has the social statuses in the right quote unquote circles and so this is the crazy part he inverted talking abo..."

"dinners they have a reason for being fun the parties are marketing showcases in Disguise and so ever since I did that podcast on Bernard and all it's episode 296 if you haven't listened to it uh yet I..."

"about the river again that you can always understand the son by the story of the Father the story of the father is embedded in the sun they do bring up the fact that his early life he was exposed to h..."

"worked in a record store he worked at a grocery store he worked the graveyard shift at a gas station then he became an assistant at the William Morris agency it's amazing how all these stories connect..."

"he goes and gets a job as a parking attendant and he's in Westwood this is in La he says then one day he noticed a street vendor selling posters at the edge of the parking lot this is his first exposu..."

"selling on his own art was an arbitrary choice this is very important art was an arbitrary choice if the guy had been selling belt buckles kosian said I might have tried to sell belt buckles he just w..."

"like his Revenue sources are unpredictable so he's got a bunch of unpaid bills he's got creditors chasing him down he almost had his car repoed one time uh the few employees that he do does have uh th..."

"Gibson and G goian gets Gibson on the phone and says hey I've got a gallery in the west coast your stuff's only available in New York why don't we do an an exhibition a West Coast exhibition of your p..."

"me if you're interested in buying insanely great products buy my products he's so easy to understand and so kosian says that his impatience with the art World pretense may have endured him to Leo cast..."

"into another genius thing that gagosian did and essentially he created his own Niche and it's completely different what his mentor Leo castelli was doing so think about this it says Leo castelli speci..."

"around the richest people in the world uh castelli said that one of the best uh skills and traits that g Goin had was the fact that he knew how to deal with very rich people and this is why he wants t..."

"money but high on like social status or titles and all like the the old way we thought about wealth but duven didn't care about that and G GOI and sure as hell doesn't give a about it either and so th..."

"as he was concerned ripes were considered trash only because Boston fruit and similar firms were too slow-footed to cover ground it was a calculation based on arrogance I can be fast where others have..."

"market and so the way to think about what's about to happen here is that gag Goin was very secretive he's still very secretive to this day I think he would agree with this the the maximum that bad boy..."

"the form of castelli castelli said I could give him a lot of information on where the paintings were because I had sold most of them castelli had sold them when they were on the primary Art Market now..."

"throughout the piece you got to read the whole piece I'll link it down below but he's always like G goian will first like deny that he does something he's like oh I don't sell things out of my house a..."

"picks up the phone again calls Sai new house and sold him the painting for exactly $1 million now the commission rates on the secondary Market are usually not as high as they are on the primary market..."

"of an industrialist that is someone who is seeking to build a massive Financial Empire and so this is a little bit about how gag GOI manages his Empire uh he does not like formal meetings he finds bur..."

"agent this may be the natural result of running an operation that is reflexively discreet gagosian reaps huge profits from asymmetries of information but fundamentally he does not seem to be an intros..."

"a shark a feeding machine and so relentlessly and automatically is on to the next thing it reminds me of this line that I read in one of the Warren Buffett biographies that I think is also really real..."

"hiring Richardson as for the rich relationship with Richardson Larry is playing the long game he understood the involvement that Jon had with members of the Picasso family Richardson has said has sinc..."

"created and then this is the kind of financial Arrangement that they came to money is the basis of everything gagosian had secured a commission rate of about 30% so he'd throw these these shows for ch..."

"hilarious and the way he does this is really funny to me uh there's a hilarious exchange so there's this painter named Cecilia Brown she grows up in England or she grew up in England rather and her he..."

"says uh when I reach David gon by phone he counted out loud he's talking about all the pieces he just you know David has houses all over the world he's got that giant yacht so he's just sitting in his..."

"that yeah 1980 huge bull run but it's not all up there there's like ups and downs right overall the arching theme is obviously up and to the right but he does something smart he goes to where his cust..."

"visit him and he does not like that he has all these windows why because if you have Windows you can't hang up more art this guy is a shark he's so easy to understand Larry said don't you find this vi..."

"gagosian recognized the competitive Drive of self-made billionaires does not go into remission once they've made their fortune and this also speaks to how well gagosian knows his customer and how well..."

"maintain the exclusivity of the brand produ production has always been lower than the requests of the market for a certain kind of customer being told no when they're not used to hearing no makes them..."

"that justifies the markup meaning the fact that he is the frame a dealer who is friends with gagosian told me that collectors know that they're paying more when they deal with Larry and they're still ..."

"prices in this world seem to be completely arbitrary there's a great line by David Oggy where he says pricing is guesswork well it it's even more extreme in the industry that gagosian is operating in ..."

"obsessed with all these phone calls and how lucrative his business could possibly be in the resale to Pearlman the family made a profit of $2 million and G goian got a million doll commission absolute..."

"goes back to Simplicity right it is illegal if it's illegal for him to do business with someone he will not otherwise it's not for him to parse the moral credentials of potential buyers and then g go ..."

"three times she thinks it was an accident he sent it three times this is what the text said the other galleries that you are considering will most likely go out of business before my demise gagosian b..."